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May 18, 2026

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A tugboat guides the Russian oil tanker Anatoly Kolodkin as it arrives at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026.

Breaking | Last Updated: May 18, 2026, 1:36 pm

US extends Russian oil sanctions waiver as Iran war squeezes supply

The waiver temporarily lifts sanctions on Russian oil for 30 days.

Ritesh Shukla/Getty Images

Oil swings as UAE nuclear plant strike, Iran diplomacy push roil markets

International benchmark Brent crude futures whipsawed on Monday as markets digested a dangerous new escalation alongside signs of diplomatic progress.

Amid FARAHI / AFP via Getty Images

Iran confiscates assets of 129 alleged ‘traitors’ in West Azerbaijan province

Iranian authorities have cracked down on people accused of collaborating with the US and Israel since the war erupted in February while fears of renewed fighting remain high amid stalled peace talks.

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Analysis

Pakistan’s six corridors offer Iran a trade lifeline, could outlast Hormuz crisis

Iranian cargo trucks cross into the Pakistan-Iran border at Taftan, Balochistan province, on June 18, 2025, amid the ongoing conflict between Israel and Iran.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Analysis

From hoarding to unemployment: Iran's economy buckles under US pressure

Women shop from a street vendor at Enghelab Square in the capital Tehran on Nov. 11, 2025.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Analysis

How the Iran war is exposing a growing Saudi-UAE divide

Explosions rattled buildings in Dubai and a large cloud of smoke hung over a central area of the Middle East financial hub on March 13, 2026.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Analysis

‘A reckless act’: Netanyahu sparks UAE fury by claiming secret visit

US President Donald Trump talks to UAE President Sheikh Mohamed bin Zayed Al Nahyan as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates.

In Tel Aviv, reporting on national security, Israeli politics, defense

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Europe fears Trump, Netanyahu encouraging Iran's hard-liners

The European Union fears that the positions of Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump could generate an all-out war with Iran.

Missile fire is seen from Damascus, Syria May 10, 2018. REUTERS/Omar Sanadiki - RC13F692C3F0

As tensions flare with Iran, Israel embraces Russia

Russian President Vladimir Putin’s role as mediator between Israel and Tehran is gaining importance as turmoil threatens to boil over in Syria.

Turkish President Tayyip Erdogan meets with Iran's President Hassan Rouhani during an extraordinary meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkey, December 13, 2017. REUTERS/Kayhan Ozer/Pool - RC1507ABA930

Ankara vows to help resist US sanctions on Iran

Turkey has reacted to the promised US withdrawal from the Iran nuclear deal with outrage, though some analysts believe the US withdrawal offers Turkey opportunities.

Turkey's Minister of Economy Nihat Zeybekci speaks at the Vietnam-Turkey Business Forum in Hanoi on August 24, 2017.
Turkey's Prime Minister Binali Yildirim and Zeybekci are on a three-day official visit to Vietnam focused on fostering closer bilateral ties. / AFP PHOTO / HOANG DINH Nam (Photo credit should read HOANG DINH NAM/AFP/Getty Images)

Turkey stands to suffer under new US sanctions on Iran

Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran.

Iran’s housing sector keeps building

Iran’s housing sector is on track to escape its yearslong stagnancy, yet Iranian tenants are still squeezed by rising rents.

Iranian media claim Syrian, not Iranian, rockets struck Golan

Officials in Tehran have not yet responded to allegations that Iran was behind the attack on the Golan, while Iranian media are asserting that it was a Syrian strike.

After success with Trump, Bibi has trouble swaying EU on Iran

Despite his success swaying the US president, Europeans know that Israeli Prime Minister Benjamin Netanyahu is skewing the truth about the West Bank occupation just as he falsely accused the Iranians of violating the nuclear agreement.

An Israeli soldier stands on a tank as another jumps off it near the Israeli side of the border with Syria in the Israeli-occupied Golan Heights, Israel May 9, 2018. REUTERS/Amir Cohen - RC1520FF8190

Congress prioritizes smart bombs for Israel despite US shortages

US lawmakers are scrambling to defend Israel from rising regional threats.

Iranian Foreign Minister Mohammad Javad Zarif looks on while attending the Iran-Pakistan Business Forums in Karachi on March 13, 2018.
Zarif is on three-day official visit to Pakistan. / AFP PHOTO / ASIF HASSAN (Photo credit should read ASIF HASSAN/AFP/Getty Images)

Iran may use nuclear deal structure to try to isolate US

Foreign Minister Zarif has said Iran may file a complaint against Trump’s sanctions violations with the JCPOA’s Joint Commission.

Iranians may turn to ‘military president’ as nuclear deal collapses

The collapse of the JCPOA could fan political winds in Iran, leading to the rise of a military president.

Top Iran officials wary of Europe after US deal withdrawal

Iranian officials expressed doubt about reaching an agreement with Europe to keep the JCPOA in place following the US withdrawal.

Israeli Prime minister Benjamin Netanyahu speaks during a news conference at the Ministry of Defence in Tel Aviv, Israel, April 30, 2018. REUTERS/ Amir Cohen - RC168D0D1A70

Netanyahu’s ‘Iran doctrine’ sidelines everything else

Prime Minister Benjamin Netanyahu managed to impose the Iranian threat at the center of the security agenda, sidelining other significant issues and even determining the rhetoric of his rivals.